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Monday, August 10, 2026
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Taking Advantage of the the Stock Market to Boost State Revenues

May 22, 2020

By Behnam Mohammdi

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  • #Economic mismanagement/Iran
  • FATF
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DUBAI, Aug 10 (Reuters) – Iran has changed its sec DUBAI, Aug 10 (Reuters) – Iran has changed its secretary of the Supreme National Security Council, appointing former Revolutionary Guards commander Mohsen Rezaei as second-in-command on the body that coordinates the country’s security and foreign policy.

Rezaei is more of an outspoken public figure than his predecessor, Mohammad Baqer Zolqadr. The appointment was announced late on Sunday by President Masoud Pezeshkian’s deputy director of communications.

Zolqadr had only been appointed as SNSC secretary in late March, after his predecessor, Ali Larijani, was killed in an air strike during the war pitting Iran against the U.S. and Israel.

No reason was given for the change and it was not immediately clear if it would herald any change in policy.

Iranian Foreign Minister Abbas Araqchi said on Saturday that Iran and Oman were “very close” to an agreement on a new shipping route through the Strait of Hormuz — which has been all but closed during five months of war — but reopening it would depend on other conditions, including U.S. compensation to Iran.

Zolqadr meanwhile had listed other demands including ending U.S. threats against Iran, stopping aggression against Iran and its Lebanese, Palestinian, Yemeni and Iraqi allies, lifting a blockade and sanctions on Iran and freeing Iranian assets.

The SNSC, formally chaired by the elected president, coordinates security and foreign policy, and includes top military, intelligence and government officials in addition to representatives of the supreme leader who has ultimate say over all matters of state.

Rezaei, 71, commanded Iran‘s Islamic Revolutionary Guards Corps from 1981 to 1997, including during much of the Iran-Iraq war. He later served as secretary of Iran‘s Expediency Discernment Council for more than two decades and as vice president for economic affairs from 2021 to 2023 under hardline President Ebrahim Raisi.

He holds a doctorate in economics from the University of Tehran but has spent much of his career in Iran‘s security and political establishment.
Nayera Abdallah, Steve Holland and Enas Alashray Nayera Abdallah, Steve Holland and Enas Alashray

DUBAI/WASHINGTON/CAIRO, Aug 10 (Reuters) – Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions, including compensation and an end to sanctions and military threats, before the strategic waterway is reopened.

A U.S. official told Reuters on Friday that Iran and Oman were close to a deal that could pave the way for restoring safe passage through the strait, a major conduit for oil and gas shipping before Iran blocked Hormuz in response to U.S. and Israeli attacks on Tehran that began in late February.

Iranian Foreign Minister Abbas Araqchi said on Sunday an agreement with Oman on the strait was in its “final stages” but reiterated comments made on Saturday that Tehran would not reopen the channel unless the U.S. met certain demands made by Tehran.

The deal with Iran would set out the new shipping lanes to be used once the U.S. fulfils those conditions and the strait is reopened, Iran‘s Mehr news agency quoted him as saying.

Iran and the U.S. are not engaged in direct talks, and Tehran will not start them as long as Washington breaches an interim deal signed in June, Araqchi said, adding that messages were being exchanged through intermediaries.

U.S. President Donald Trump said in an interview with Axios that the U.S. was “low-keying” it with Iran. “We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money.”

Araqchi said reopening the strait would depend in part on the U.S. paying compensation for damage it caused in widespread attacks on Iran.
WASHINGTON, Aug 9 (Reuters) – After months of U.S. WASHINGTON, Aug 9 (Reuters) – After months of U.S. military strikes on Iran, sanctions and a blockade, President Donald Trump said on Sunday that his administration is watching economic pressure mount on Iran, according to an interview with Axios.

“We are low keying it,” Trump was quoted as saying during a brief phone call. “We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money.”

(Reporting by Doina Chiacu; Editing by Sergio Non)
ANKARA, Aug 8 (Reuters) – A defense pact signed be ANKARA, Aug 8 (Reuters) – A defense pact signed between Turkey, Pakistan and Saudi Arabia is technically the same as NATO’s Article 5 mutual defence agreement, Turkish Foreign Minister Hakan Fidan said on Saturday, adding the accord was not targeting Iran.

Speaking to the state-run Anadolu news agency, Fidan said a committee of ministers similar to that within NATO would be formed as part of the alliance, as well as a general secretariat based in Saudi Arabia. Egypt could potentially join the pact once certain technical matters are resolved, he said.

Saudi Arabia, Pakistan and Turkey signed the agreement on Friday.

(Reporting by Tuvan Gumrukcu; Editing by Susan Fenton)
Aug 8 (Reuters) – The United Arab Emirates on Satu Aug 8 (Reuters) – The United Arab Emirates on Saturday condemned what it said was an Iranian attack on a carrier linked to its state oil company as it passed through the Strait of Hormuz, accusing Tehran of “acts of piracy”.

State news agency WAM initially reported ADNOC as saying one of its vessels had been targeted by a missile early on Saturday and that the situation was under control.

The UAE Foreign Ministry later condemned what it called “the hostile Iranian attack” on an ADNOC vessel.

Neither statement gave details on the tanker, its cargo or possible damage. No injuries were reported.

About a fifth of the world’s oil and liquefied natural gas passed through the narrow waterway between Oman and Iran prior to the conflict. Since the U.S.-Israeli war on Iran broke out on February 28, shipping has been repeatedly disrupted, raising freight rates and creating security concerns.

The ministry said the attack violated a U.N. Security Council resolution on freedom of navigation and accused Iran‘s Revolutionary Guards of “acts of piracy” by targeting commercial shipping and using the waterway as a tool of economic pressure.

It called on Iran to halt the attacks and reopen the strait fully and unconditionally.

Iran‘s Guards have previously threatened action against any vessels transiting the strait if they are linked to Tehran’s adversaries, or if they fail to comply with Iranian directives.

ADNOC said on Friday that it had been significantly affected by what it described as unprovoked attacks on its personnel and assets, while continuing to meet customer requirements in an “exceptionally challenging environment.”

The company said 15 of its vessels had been attacked by missiles and drones while transiting the strait since the start of the conflict, including three this week, killing one crew member and injuring 20 others.

ADNOC did not identify those responsible for the attacks in its statement on Friday.

ADNOC, the Abu Dhabi state oil company, is one of the world’s largest energy producers and exports crude oil, natural gas and refined products to customers worldwide.

(Reporting by Nafisa Eltahir and Enas Alashray; Editing b
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